Amerisur Resources Share Discussion Threads

[bountyhunter] 12/2/2019 21:42

Hope so! ;-)

[xxnjr] 12/2/2019 21:33

BH - If "combination trapping" works, and the oil stacks up, 60p is too low.

[swerves1] 12/2/2019 21:28

Westmoreland Lad - must be looking good to get Toon excited!
But why not, because these are really exciting times for Amerisur.

[kaos3] 12/2/2019 21:22

lets hope JW brings some news out of India (add rig).

[bountyhunter] 12/2/2019 21:14

I'd settle for 60p though!
😀

[moneylender] 12/2/2019 20:46

$2Bill market cap puts us in the £1.70 to £2.00 range!!!

That will do for starters.

Edit: Might be a little too optimistic with those figures as we only have 30% of CPO5.

[bountyhunter] 12/2/2019 20:24

No problem, just a reminder of why we are all here!

Plenty of newsflow ahead throughout the year.

[westmoreland lad] 12/2/2019 20:12

Many thanks for posting the above B Hunter. Makes it clear when previously stated -

-- '' AMER has to be one of the most compelling buys around today ''

swerves1 -- even Toons getting excited about prospects here :-)

[bountyhunter] 12/2/2019 19:53

More from the above...

Putumayo aside, Wardle believes the numbers from this year’s drilling programme at CPO-5 alone will show Amerisur is substantially undervalued, a view he has backed with share purchases worth £1.25mln over the past three months.

Companies in the Llanos Basin with similar-sized assets have been turning down (gross) offers of US$2bn, he adds.

At present and at 17p, the market value is just shy of £200mln.

There is cash of US$40mln and a debt facility of US$30mln to carry out its programme of work at Llanos, with Occidental paying for the majority of the activity at Putumayo.

“The economics are very attractive," says Wardle.

“And where else would you find a company with its own infrastructure. In a virgin basin where it owns 1mln hectares and that has just picked up a $100mln farm-in while adding 30mln barrels of new reserves [at CPO-5]."

[thegreatgeraldo] 12/2/2019 19:51

Not sure where the comments come from..... it seems they've updated comments, but attached them to last week's interview..

[swerves1] 12/2/2019 19:46

Treasure/Bounty Hunter - thanks for finding this. It is a super positive report.
JW states other companies in the area are turning down $2 billion offers for similiar assets to Amerisur's there. If this is the case, then the BOD will surely be looking for a very big offer to even tempt them to consider selling!

[fadilz] 12/2/2019 19:43

That article contains some very bullish statements, and sets out the huge potential upside! Thanks for posting bh.

Edit: if someone offered me £1.69 per share I would give it serious consideration :o)

F

[bountyhunter] 12/2/2019 19:18

Found it...

"...The company has a 30% interest in the Llanos Basin assets, with the local subsidiary of giant Indian firm ONGC its partner and operator.

Indico was up dip of Mariposa but it turned out to be three times better with a 283 feet oil column that has yet to hit the oil/water contact point.

“You don’t find a 300ft oil column in isolation. It has to be part of a bigger trapping system,” says John Wardle, chief executive.

Geological analysis of Indico-1 has classified at least 18mln barrels in the 1P category, he adds, the most certain category there is.

If the oil/water contact point turns out to be, say 40ft lower than 283ft, those reserves will go up to 33mln barrels, but deeper than that can rise to 70mln or even 100mln barrels.

The drill rig has now moved onto a third well, Caleo-1, which will test the geology to the south-west of Indico, to be followed by Pava Real-1 to the North East.

In all, six wells are planned on CPO-5 this, year including two appraisals..."

[treasure] 12/2/2019 19:08

There's a new article on proactive investors from 3 today if anyone interested. Might make a few froth

[99barracuda] 12/2/2019 16:27

Mad foetus.....lololololol! The best I’ve heard in ages!

[lucyp00p] 12/2/2019 15:46

Full disclosure, if I win the Euro millions jackpot tonight I'm putting all my winnings here.

[thegreatgeraldo] 12/2/2019 15:04

Not quite a foot, although it would appear something's afoot.....

[mickinvest] 12/2/2019 14:48

Lol thought I had typed toe, autocorrect, stuck another toe in for another 50k

[fsawatcher] 12/2/2019 14:35

it not tow it toe you lemin

[knackers] 12/2/2019 13:58

Hmmm - Large buy order being filled. More of the free float being tapped.

L2 Gerty...?

[mickinvest] 12/2/2019 13:56

Stuck a tow in for 50k

[moneylender] 12/2/2019 13:55

Think they left the office junior in charge over lunchtime, he/she has been playing with the buttons. Normal service will be resumed soon.

[fsawatcher] 12/2/2019 13:54

rooma goin around that indico flow oil at 5359 barrels light oil

dont tell the market it not rooma but it real coz it sell it if it real and buy it if it rooma

rooma up for osca this years too innit

[mad foetus] 12/2/2019 13:49

Wow, was at the dump when this happened and was caught between a brownout and a semi! Let's hope it can rip from here.

[laptop15] 12/2/2019 13:37

William % had AMER between -80 And-100 which is oversold on the range